SMBC AC grows A321 operator list
Japanese bank backed aircraft lessor SMBC Aviation Capital (SMBC AC) confirms to Airfinance Journal (AFJ) a new lease deal with privately-owned Moldova-based carrier FlyOne.
More specifically, SMBC AC is currently preparing a 2014-vintage Airbus A321 for its lessee, which is due for delivery in the coming weeks following customary checks and transfers.
The 10-year-old A321 is powered by CFM International engines and comes off its initial 10-year lease term with Taiwan’s EVA Air.
FlyOne and its sister carrier FlyOne Romania currently operate seven all-Airbus narrowbodies, including two 2014-vintage A321s from ICBC Aviation, as reported exclusively by AFJ last year.
Avolon and Aircastle are sponsoring the remainder of the carriers’ leased fleets.
FlyOne, which received its AOC in 2016, has expanded significantly over the past few years, with new destinations including Dusseldorf, Bologna, Dubai and Larnaca.
Lessor SMBC AC is the second-largest aircraft lessor globally by number of aircraft with a portfolio comprising 83% narrowbody aircraft and 66% new technology aircraft (by net book value).
Earlier in May, the Peter Barrett-led firm agreed a new sale and leaseback financing with Air India covering seven Boeing 737 Max 8 deliveries.
Relatedly, AFJ last month exclusively reported that SMBC AC was transitioning used 737 Max 8s previously operated by Spicejet to new operator Enter Air from Poland.
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Related Data
FlyOne | Operating lease | 05-24 | 1xA321
Regional Snapshot
Transactions
| Transaction Name | Stage |
|---|---|
| China Airlines | Operating lease | 06-25 | 5xA321neo | Finance mandated |
| Skymark Airlines | Sale leaseback | 06-25 | $182m (est.) | 3x737 Max10 | Finance mandated |
| Korean Air | Operating lease | 03-25 | 1xA330-200 | Finance mandated |
| China Airlines | Operating lease | 03-25 | 3xA321neo | Finance mandated |
| JCAS Airways | Operating lease | 11-24 | 1xATR72-600 | Finance mandated |
| Tigerair Taiwan | Operating lease | 07-25 | 3xA320neo | Financial close |
| Parata Air | Operating lease | 07-25 | 1xA330-200 | Financial close |
| Jeju Air | Insurance guaranteed loan | 07-25 | $113m (est.) | 2x737 Max8 | Financial close |
| Jeju Air | Bond issue | 07-25 | KRW100bn | Financial close |
| T'way Air | Operating lease | 07-25 | 2xA330-300 | Financial close |
Related Data
Regional Snapshot
Transactions
| Transaction Name | Stage |
|---|---|
| Some Air | Finance lease (RFP) | 03-23 | $1.35bn (est.) | 21xA/c | RFP |
| Some Airlines | Operating lease | 03-23 | 2x737-800 | Finance mandated |
| someJet | Bond issue | 03-23 | €850m | Financial close |
| Airsomething | Operating lease | 03-23 | 1x737-800 | Financial close |